Market Size of Textile Home Decor Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 89.20 Billion |
| Market Size (2029) | USD 109.21 Billion |
| CAGR (2024 - 2029) | 4.13 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Textile Home Decor Market Analysis
The Textile Home Decor Market size is estimated at USD 89.20 billion in 2024, and is expected to reach USD 109.21 billion by 2029, growing at a CAGR of 4.13% during the forecast period (2024-2029).
The market for textile home decor is driven by fast-changing lifestyles, growing real estate, and increasing urbanization. Traditional textile home décor retailers are focusing more on increasing sales by offering various promotional strategies that are attracting consumers to offline retail stores. Although most purchasing of textile home decor products occurs through offline retail stores, online retail stores have witnessed significant growth in the last few years as more consumers are influenced by the convenience and product offerings of online retail stores. Due to an increase in the number of opulent consumers, the worldwide textile home decor market has been expanding in emerging economies. Additionally, customers' desire for eco-friendly home decor goods has changed as a result of increased environmental awareness, which is a major driving force behind market expansion worldwide. Additionally, rising consumer disposable income in developed and emerging markets drives market expansion. Also, intensive marketing campaigns and celebrity endorsements have made a big difference in the expansion of the global market.
On the segmentation front, bed linen and bedspreads account for the largest share of the global market. However, the wall-covering and floor-covering sectors have witnessed a rising trend. Nonetheless, a few factors restrain the global market for home decor products, including the increasing price of raw materials. For instance, according to the Office of Economic Adviser (India), during the fiscal year 2022, the wholesale price index for cotton yarn in India exceeded 140. Over the past decade, the price index value has climbed by roughly 40%. Furthermore, the availability of low-quality and counterfeit goods as well as variations in the cost of the raw materials used to make these goods limit market expansion.
